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20121027
20121104
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Search Results 0 to 49 of about 95 (some duplicates have been removed)
peru. >> here's another bomb. >> with just 10 days until it is time to pull the lever, the economy is not in full recovery mode. the president is pulling out a 20 page pamphlet that he said will bring the economy back. but if you look inside there is new spending from teachers and infrastructure and energy investments and it is a stimulus plan that will not work. so is this the right or wrong plan to get america working again? hi, everybody. welcome to forbes on fox and go with steve forbes and rick unger and elizabeth mcdonald and john. >> right or wrong policy for america? >> it is a doctor bleeding the patient. it will not cure the patient but make it worse. it takes resources and will cost jobs and every job created with that means two or fewer job private sector. that will not make the economy come back. >> rick, the new economic patriotism. does it mean i am unpatriotic if i don't agree with this. >> i don't think so. >> don't like patriotism with economic plan. >> if you are going to get behind the country you need to get behind some of the thing in the plan. most particular
thing on your agenda. what is the president missing? >> needs to understand that the economy is the number-one issue, does not matter if you are woman or man. the problem is we need jobs. >> but he has no plan. this is all about distracting, turning your attention to something that he thinks you will like instead of a job. it's let them eat cake. gerri: jason. >> the frivolity of his campaign. it's binders full of women, bayonets, big bird, and at the top of this message that we are comparing a sexual experience to voting for barack obama. i think the analogy is apropos because another four years of barack obama will be painful. gerri: we have a gallup tracking poll with from the leading obama 51-46%. and yet in the desperation that we are talking about, you luded to it, but we did not say it. the comment from the president about romney calling him of the answer. now he used the word. the president used the word. >> the president of the united states. gerri: what does that tell you? >> what is interesting about all of these, wht they're showing is that the debates, a lot of i
pushing their plans to rev up our economy and we find out it's still not in full recovy mode and more u.s. comnies are announcing major firing, not hiring. the president has his pamphlet and the governor has his overall plan. and more on the pamphlet later. and is governor romney's call right or wrong? i'm brenda buttner, it's bulls and bears. we've got gary b smith. tobin smith. jonas max ferris along with tim la camp and steve murphy, welcome, everybody. okay. the folks at forbes will tackle the pamphlet plan in one hour, fair and balanced. what about the plan to overhaul the tax code. what is it going to mean for jobs. >> i think it's going to be great for jobs. overhauling the taxes is the thing that the governor and hopefully president romney can do. and incents, if that's a word, every individual and corporation out there. provides a path of what they're going to do, what they're going to pay and if it's simplified and overhauled, it will get rid of hopefully a lot of the special interests, which tak the government out of the intervention and provides a clear playing field for eve
. burned out workers helping the economy. how does that work? >> if we live in utopia they would skip to work and share cookies on the coffee break. we are seeing even though people are in jobs they can't stand. myself not included. you go to work because you have pay the bills and keep yourosholted going. you are not quiting on yourself and that is part of the american drive that is keeping the going. >> is it good that 63 percent . workers feel stressed out and extreme fatigue. is that good for business? >> no, it is not good that americans are feeling stressed out. we are in bad economic times and have the lowest labor participate . 37 million americans are in poverty out there. but the fact that americans show up and go to work. it is what the greatest generation did in world war ii. i have been over to see what our soldiers are doing. times are tough and merrence are stressed and we have structurally high unemployment and america is n used to that. but americans show up to work and plow ahead. >> more americans say showing up to work is a number one priority. is that good. >> i a
. what is the toll on businesses and economies? you see businesses in the affected area have no power. so they can't pay their bills. they can't do whatever their business is. i mean it's a big problem. >> it is a big problem. we've heard economists are all over the place. we heard anywhere from 20 upward to 50 billion in damages both from infrastructure as well as lost profits but it's going to take some time for business to get back on its feet. i think you heard mayor bloomberg earlier say, you know, new york is doing well but it took a direct hit and he is expecting it to take a couple weeks. melissa: the other source of fuel that we're watching, of course is gasoline. and the impact on refineries wasn't as great as some thought. there was only one refinery in new jersey that went down. at the same time we talked to some gas station owners experiencing supply shocks. what do you think is the fallout for supply? >> i think the good news unlike katrina, this will be more of a localized event. we lost billion two million barrels a day of refining capacity along the east coast. but, that'
after world war ii, we were the only economy that mattered. of course we're not the only economy that matters, charles, all of these great success stories you mentioned are just that, but, it's le a big investor trying to put money into a fund, you can't put enough money into tse countries. we still have a very good economy here, a growing economy. and with some severe problems that we need to address and we will. and what we'll deal with this problem best, neil is the economic growth and we're getting it, just not getting enough of it. >> all right, ben stein, final pnt? >> i don't understand where charles is coming from, we have bn talking about the rest of the world economies like crazy and there are enormous inflows of money froms u.s., japan, china, the rest of the world in the meantime we are the biggest game in town even if our money is worthless and the other people's mey is even more worthless. >> neil: i don't know, there might be a point, charles, i want to you respond, and snuck that in on you, that there are other options, you're saying, right? >> there are other opt
and then you. >> we all want an adult. these are important issues facing the world from the economy and home to the threats abroad, and to have somebody in there who is pretending and playing in joking around, i don't think it cts within months serious people. gerri: that is the way it feels. >> i don't even think he's a hipster. i think he is a phony all-around . david stern, the nba commissioner saying he is described pretty much when he plays basketball, the guy where's mom jeans. i don't even -- [talking over each other] gerri: you made fun of my jeans. >> is see a hipster are not? gei: i'm sorry. that was just crew of me, but i could not make fun -- could not help myself. a quick round here. who is going to win? >> we are close. >> romney has the momentum. obama has to break romney's momentum. i don't see how does that. >> romney. gerri: jason. >> and going to have to go with romney. the momentum is on his side in every single swing state. gerri: all right. we will hold you to that, and if you're not right we will bring you back. thanyou so much for coming on tonight. great job. i'm sor
has risen by more than $5 trillion. the nation's economy, it is all but stagnant. this has governor romney running l as the candidate of change. >> accomplishing change is not just something i talked about. it is something actually done, and we need to have someone in the white house who cannot just talk about it, but do it. lou: the most recent poll of ohio mirrors those tight national polls. rasmussen reports showing governor romney tied with president obama at 49%. nationally the dead heat can be seen across a white canvas of polls. the real clear politics bulbuls has the two men separated tonight by a mere tenth of a percentage point to. the rasmussen reports daily tracking poll has the race at 48%. the abc washington post tracking poll shows the governor taking a one point lead after trailing by one yesterday. those of the two most recent national polls. and while the polls are tight, they are not always accurate or indicative of the of come. either candidate could win this election by a sizable margin, if you consider a sizable margin to be two or 3 percent, perhaps, regardles
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many
the economy, his record, and responsibility where the unemployment rate and in this economic recovery now stand. voters simply trust governor romney more on this most imrtant issue. let's reveal -- that is revealed in poll after poll. a new "washington post" poll shows governor romney turning the economy around. with an 11-point lead as well, and to america trust moreo work with both parties in congress. so to give this election does turn on the economy, governor romney has, perhaps, an edge going into the election's final hours. we will take up the election, which way the swing states we will breaking key demographics with former bush chief of staff and campaign savant karl rove. retired navy admiral james lyons joins us he says the american people deserve to hear the truth about pin gauzy, and it is time for the president to come clean. he joins us live tonight. not only the president in question, the balance of power in congress to be decided. and that is the subject of tonight's start talks. joining me now, former deputy chief of staff to president george w. bush, kal rove. fox is a c
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
the economy is that investment, and the fact it's declining? wow, that's really a bad sign. neil: scott, a better future indicator? what so many ceos are saying i'm preparing for the worst just in case. suspect that a more telling future? >> yeah, look at consumer spending numbers. the positive note is it increased, but guess what? it's down from the first quarter and down from last year so you're right, the businesses look at the dollars from the wallets saying, hey, they are not flying out of there. if you look the the investment numbers, convicting to gdp last year and the year prior, which, by the way, gdp, 1.7%, below the trend this year, 3% in 2010. the economy's deaccelerating. neil: adam, do you think of that? >> well, things could be better. fact of the matter is the economy is growing. it's not growing as much as we'd like it to grow, but it is growing. >> not as fast as before. >> the housing sector's recovering, key, it should recover. it's been down for so long, and the financial system is sound, you know, balance sheets generally good, so we can focus on the negative, or,
. thanks so much for that. >>> turning to the economy third quarter gdp came in at 2% today. not great. better than the sat 1.3% growth rate last quarter but a new survey of economists says there is still no light at the end of the tunnel. if automatic spending cuts kick in it could cost the economy $100 billion. it gets worse though. they say the t hikes that could come are twice as big of a problem. they would cost $200 billion. my favorite economist peter morici is here to commiserate with me over this one. this report is staggering. i like it though i have to say when somebody goes out and quantify the impact of these things because i don't want emotion. i want to focus in on the numbers. so let's do that. $200 billion out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matter
on the president and how he's doing on the economy. 45 percent are approving of the job is doing. 52 percent are not. i should say that approval rating has edged up. this could be, perhaps, the more distressing news for at least mitt romney. he still leads among independent voters by 7 percent, but that has gone down from 12% that he enjoyed a little more than a couple weeks ago. you can extrapolate all you will from these polls. doesn't mean that the trend is the residence friend again, six days to go, it's anyone's guess. the romney folks still feel the momentum is there. in the sunshine state particularly. >> hi. on the subject of disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education,
grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. @%u: a president has a new economic plan strikingly similar to the old one but has more pictures. four more years of the president's policies for the country in just moments. here's what have been don wall street. gdp expanded at 4% but news the economy is growing as some feared. of the edo squeezes out modest gains trading on the big board. 3.3 billion in line with recent activity. the dow is down and the nasdaq just over half a percent. gasoline futures moving higher with supply disruptions on the east coast worried about hurricane sandy. the 10 year note is coming back with a sense things are slowly improving. consumer confidence shows rising at to a five-year high. some expected more than that. more bad news with the president green energy agenda. despite -- inspector general slamming the green jobs training program and that the independent report. more than half of the 81,000 who part
-cents, joining us now to analyze what is going on with the economy. these markets, arthur lapre it is great to have you with us. >> thank you, lou. lou: start with impact of the hurricane. to whether much is made too much made, of the impact on gdp growth or broad economy for next several months. >> it is just a temporary hit, i would expect from the storm. i don't think it will be long lasting or affect gdp growth. it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. andn terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president oba of presidential, and did these duties correctly. i don't think that mitt romney any anything wrong. he was very respectful of the storm and respectful of the people. i think the
those unemployed and underemployed fell ever so slightly, but holding at 14.6%, the economy is not creating enough new jobs to brighten the employment picture. three years after the recession ended we should be creating at least 250,000 new jobs a month. we are not. the economy remains weak, despite record government spending and an extra 5 1/2 trillion dollars worth of debt. aust austan goolsbee will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration.
on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td amer
already struggling economy? storm the cost about $20 billion in damage. some predict 30 billion. in last business activity for more joining me now maryland economist, peter morici. welcome back, you had a number i saw nowhere else in estimates total costs, of this storm, you said 35 to 45 billion-dollars, how do you get there? >> we will have about 20 million in property loss. initial estimates are 5 to 10, for irene they were 7, but irene was closer to 20, i think they will be as bad. but now, look at all stores that are closed, flights that have not gone out, hotels and businesses onshore and new york city that are down for 4 days, that is a loss of income. that is 20 billion that gets me to 40. gerri: wow, okay that makes sense. people underestimate the costs. i read new york city alone is an economy with $4 billion that pumps out $ 4 billion every day, times 5 is $20 billion, not just damage you repair. it is also the loss of productivity, workdays, loss payroll, it could be far more devastating than we've been talking babout, you also said, in short term painful but longer term we g
the biggest headlines affecting the energy industry and their impact on the economy. first up, crude prices rose on their first day of trading since superstorm sandy renewed demand and helped drive prices up more than half a percent, settling at 86.24 a barrel. good news for nine major oil refineries on the east coast, assessments found they avoided serious damage. seven are working back towards normal operations. meanwhile short-term supply worries pushed up gasoline futures prices. they settled up more than 1% on the day. >>> president obama banging the drum on the rich paying their fair share on taxes. he has less than a week to sell the message. we're breaking down the facts. >>> plus, mayor michael bloomberg tells president obama, i think we don't need you to visit new york city, thanks very much. i think that makes it a lot of sense. one of the people on the show says it is a major slight and he is coming here to disagree with me. more coming up. ♪ . melissa: so it is the final stretch to six days till the election and the tax debate is getting even louder. the major battle cry from
and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boroughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, no one. it is startling. >> very angry and fed up. what are we, is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how its supposed to be. gerri: it wasn't just residents. take a look at the front page of "the new york post." an abuse of power, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief of runner's world which follows all of this. i will start with you, w
thanksgiving when winds. and then the market will get back to trying to figure out what is the economy, what will earnings do. from current levels i think we have some decent upside next year. lori: department stores, application software, given the hurricane and the aftermath you heard home depot, are you changing some strategies? given that disaster? >> our investors, given with the retail investors in it for the longer haul. the home-improvement retailers, they have really done well, and things are selling right now. plywood, tarps, all those things are low margin items and while they have seen a jump since sandy hit in the market has reopened, i don't know how much they're really going to get out of sandy, but they will get more out of a continuation of the economic recovery so if you are in those we want you to stay in those, but we are not trying to get our investors in and out of stocks quickly based on the aftermath of the hurricane. lori: until your talking but the treasuries, are you taking up the space, we'd advise equities? >> even though the market is pretty close, the year-end
're in an economy that's built to list. >> an economy that's built to last, built to last. john: oh, come on, that makes them sound phony, and romney does it too. still, rohit bhargava says the repetition is smart. he approaches this from a busiss angle being a marketing consultant and author of "likeonomicss," and managing editor of the reason hag, -- magazine, and you agree with me thhs is repetitious. >> they can either say the same thing every single day into eternity or mix it up, say what they think, at which point they are accused of having made a gaffe. john: because no human being can mix it up and not say something that keeps him from being legislated? >> you know, you spend time in the public eye. you know how hard it is to say exactly what you mean every single time. michael has a great line that a gaffe is a politician accidently telling the truth. i think that's, you know, that's something we can all relate to. john: rohit, you say the repetition works, what seems to me stupid because i'm paying attention. the people are no paying that much attention. >> it's in business all th
for last several months and now we get a "c." it is not a great report considering how much the economy is down, we should create 350, 400,000 jobs a month without too much trouble. that is what reagan accomplished. that is how he got himself reelected. my feeling there is something wrong with the numbers. i don't mean anybody is coing them because that, jobs growth is too rapid for economy only growing at 2%, and also has 2% productivity growth. either is lot more gdp growth out there than we know about or this pace of jobs creation is going to slow down. melissa: nariman, is it possible the economy is growing faster than we think it is? >> it is entirely possible. i think there are early indications it might be. the other point to be made which kind of reinforces is what peter is saying there is some seasonal funny factors if you want to call it that. seasonal adjustments are all off. a lot of it having to do with the great recession, the dee recession we went through four years ago. so i don't completely trust the month to month changes in the numbers but the longer term trends i thi
handle on. romney has a handle on the economy, the handle on government spending. neil: what should romney do with this? i always thought romney botched it in the debates were sort of like a gift that should have been for him that he screwed up, but what does he do? >> he got a little shy when he got hit so hard on september 12 from the press reacting too soon. this will be a lot up to this is where the special interest groups or the outside groups, third-party groups come into play in making this a big issue making sure people know about it but also something you hear a lot of people talking to each other about and that is what undecided voters are going to affect them. the personal relationship they have with people. when something comes to attack on american soil at an american embassy and american people, that is a concern. that is the concern for every american. nobody wants this edition to be attacked. there was a possibility we could do something about it. neil: thank you very much. for those of you just coming in here. there was a shift in developments that bears repeating a
Search Results 0 to 49 of about 95 (some duplicates have been removed)